AWS, Amazon Stock Surges
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An error with the cloud computing giant’s billing operation caused some customers’ monthly bills to rise from a few cents to billions of dollars.
Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021.
Amazon.com Inc. AMZN has long viewed Amazon Web Services as its biggest growth engine, but CEO Andy Jassy now believes the cloud business could become much larger than the company previously imagined.
AWS moved Q Business, Kendra and Bedrock Agents to maintenance mode. What the retirement of its first-generation AI services means for enterprise cloud buyers.
AWS FDEs will look to leave behind self-sufficient teams with new AI solutions and capabilities in a matter of weeks, the company said.
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Departing AWS exec Dave Brown is reportedly joining Meta, as Facebook parent mulls its own cloud
Dave Brown, the senior AWS executive whose departure Amazon announced this week, is joining Meta to work on its data center build-out, according to a Wall Street Journal report.
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A Bug In AWS Has Caused Some Customers' Bills To Spike From A Few Cents To Billions Of Dollars
"The displayed billing estimates do not reflect actual usage and charges," Amazon said.
AWS Q2 2026 earnings hit $42.2 billion at 37% growth, the fastest in 18 quarters, but the real story is Amazon's $496 billion contracted cloud backlog, up $132 billion in one quarter. CEO Andy Jassy raised Amazon capex 2026 guidance to $220 billion,